Egypt's main index slightly down

Ahram Online, Tuesday 3 Jun 2014

Egyptian investors net sellers as turnover of listed stock falls to LE760.9 million

stock market
Egyptian traders work on the floor of the stock market in Cairo, Egypt (Photo: AP)

Egypt's benchmark index EGX30 dropped 0.65 percent to record 7,963 points while the broader index EGX70 inched up 0.27 percent.

Listed stock turnover registered LE760.9 million.

Egyptian investors were net sellers to the tune of LE14.7 million, while Arabs were net buyers to the tune of LE10.8 million.

Market bellwether Commercial International Bank (CIB) fell 0.72 percent to LE35.1 per share.

Telecom Egypt (TE), Six of October Development Company (SODIC) and Amer Group were each the sole gainers in their respective sectors.

TE inched up 0.6 percent to LE13.27 per share, financial services company Amer group gained 1.53 percent to LE1.32 per share and real-estate developer SODIC rose 3.67 percent to LE26.5 per share.

Other real-estate developers Palm Hills and Talaat Moustafa Group saw their shares drop 0.48 percent to LE4.04 per share and 3.31 percent to LE8.25 per share respectively.

Global Telecom Holding dropped 0.78 percent to LE5.01 per share.


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